HR 4854 · 114th Congress · Finance and Financial Sector
Supporting America's Innovators Act of 2016
Bill Progress
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Introduced✓
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House Vote4
Senate5
EnactedLatest: Received in the Senate.(2016-07-06)
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Plain Language Summary
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Supporting America's Innovators Act of 2016 This bill amends the Investment Company Act of 1940 to exempt from its coverage any issuer whose outstanding securities with respect to a qualifying venture capital fund (other than short-term paper) are beneficially owned by not more than 500 persons. The bill defines qualifying venture capital fund as one that does not purchase more than $10 million (annually adjusted for inflation) in securities of any one issuer.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4854, Supporting America’s Innovators Act of 2016
Jul 1, 2016As ordered reported by the House Committee on Financial Services on June 16, 2016
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office